Everyone should be watching the straits of Hormuz now IMO. If they remain open then markets should continue to ignore most of what is going on for a little longer. Hence as I posted earlier even I took a small short for tomorrow but nothing major.
If they close the straits then markets have a serious problem because they can't ignore reality anymore. Then we ask the question will the Houthis start attacking shipping in the Red Sea again? Anyway just my opinion but I think the straits are the key now.
If they remain open it would also signal Iran wasn't intending (for now anyway), to escalate beyond the current war into a regional conflict. Again this is just IMO, but remember the world has gone mad so time for caution you never know what can happen.
XJO - Bear Posts only (Factors which might cause the markets to fall), page-23285
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Last
8,666.9 |
Change
-42.500(0.49%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,709.4 | 8,709.4 | 8,658.2 |
| XJO (ASX) Chart |